PARC - The Pan African Public Reporting Standard for Minerals and Energy

One of the tools that has been developed by the Centre for the implementation of the AMV is the African Minerals and Energy Resources Classification and Management System (AMREC), together with the Pan African Resource Reporting Code (PARC). [...] One of the key objectives of the AMV is to achieve a step-change in the contribution of the minerals sector to sustainable development in the Africa region. [...] If a group is performing the actions, each member of the group should satisfy all the generic requirements and the specific requirements of the sector for which the person is responsible. [...] 2.7.4 Identify and report on the implementation of effective participation of local entrepreneurship in the opportunities provided in the ownership and services to be rendered to the project according to the laws of the jurisdiction. [...] The Potentially Viable Projects or Viable Projects of the development minerals defined by specification estimation shall be reported in terms of the mineral or minerals on which the project is to be based and shall include the specification of the concerned minerals.